Issuance and effective date of converted policy; premiums; persons covered. The insurer shall:
1. Issue the converted policy, as described in NRS 689B.590, without evidence of insurability;
2. Establish the premium on the converted policies in the manner provided in subsections 3, 4 and 5, or pursuant to subsection 6, of NRS 689B.590, and may not require that premiums be paid annually, semi-annually or quarterly unless so requested by the employee, a member or a dependent;
3. Provide that the effective date of the converted policy is 12:01 a.m. on the day after the termination of insurance under the group policy; and
4. Provide that the converted policy covers the employee or member and his dependents who were covered by the group policy on the date of its termination. A separate converted policy may be issued to cover any dependent.
Last modified: February 27, 2006